Renting Retail Space | Office Space Infographic

Have you ever rented commercial space in a retail center? If you have, you know how many moving parts there can be in locating the best options, securing the space, and then modifying it to your business's needs. If you haven't ever rented retail space, we've created this fun infographic that lists most of the steps and the time frame each can take. We thought using the most popolar board game in history as the backdrop seemed like a no brainer!

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INFOGRAPHIC - Apple's Profound Impact on Retail Real Estate

After reading all of the recent articles about the dominance of Apple stores and as avid Apple users ourselves, we decided to take a deeper drive into the numbers. Not only are most of the facts pretty mind boggling, we believe there is a trend emerging. In retail real estate, the anchor tenant is usually a big box retailer like Nordstorm or JC Penny, that gets a sweetheart lease rate and terms in order to attract traffic and smaller tenants. However, it is smaller Apple stores (many of which are under 6,000 square feet), that are becoming the attractive brand to attract traffic and tenants to retail real estate. It will be interesting to see if Apple is able to reduce its average price per square foot and how it might effect the big box retailers.

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INFOGRAPHIC | Trader Joes Moves To Houston | Retail Real Estate Figures

Since Trader Joe's just opened a new store in The Woodlands and is in the process of opening another store in Upper Kirby, it was an opportune time to see how big Trader Joe's really was. The Houston retail real estate Trader Joe's uses is 14,000 square feet on average, which is 40% bigger than their average store size (10,000 square feet) across the country. This is an interesting departure from the norm, since many feel Trader Joe's competitive advantage comes from its small store size.

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Manhattan Retail Space Ready to Make Way for Nordstrom Stores

Another high-end department store is set to join the ranks of Saks Fifth Avenue by taking advantage of Manhattan retail space. Nordstrom has searched for a perfect Manhattan retail spacefor two decades and finally settled on a deal with Extell Development this week to open a 7-story, 300,000 square-foot retail monster, on the north side of 57th Street, east of Broadway.

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Getting Busy In The Woodlands

As if it needed any more validation after getting voted as the 2011 2nd best-selling mater planned community in the United States, The Woodlands keeps getting good news on the commercial side as well.  Anadarko recently announced plans to add a second office tower next to its headquarters on Woodlands Parkway.  The new tower will hold 550,000 square feet of class A office space and will rise 21 floors above the 10 story parking garage it will sit on.  We can certainly assume that the new tower will be constructed using state-of-the-art energy efficiency practices LEED certified.  Based on the rendering, it looks like it will be gorgeous.

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Gym, liquor store secure Austin retail space for lease

Since the height of the recent economic recession, malls and shopping centers around the country have felt increasing pressure stemming from shuttering stores {never heard that term but Lisa claims it's legit} and climbing vacancy rates. However, with jobs figures and economic indicators heading in the right direction, more shopping centers are noticing increasing demand for retail space for lease, particularly in burgeoning metropolitan areas such as Austin.

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Starbucks Is Getting Saucy, What Liquor License Issues Do Retail Tenants Run Into?

There have been a few stories that have come out recently saying that Starbucks will begin selling beer and wine at locations in several major US markets by the end of 2012.  Starbucks began testing the concept in some of it's Seattle home based locations back in late 2011, and is planning on implementing the sale of beer and wine in cities like Atlanta, Chicago, and a few cities in Southern California soon.  Word has it that they will start testing the concept in 4-6 locations in each of those markets and go from there.  Seems as if Starbucks is attempting to become more of a true cafe, serving coffee, tea, beer, wine, to go along with pastries and Panini's. There are no immediate plans to expand the concept into any of the major Texas cities, but that could certainly change after seeing a positive response in some of the test markets.

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TheSquareFoot Agent Lance Gillam in GlobeSt

One of our Houston retail brokers, Lance Gillam of UCR moodyrambin PAGE, was quoted in GlobeSt yesterday talking about current trends in Houston retail space leasing.  It is interesting to see the dichotomy between class A retail space--where there can often be a waiting list--and class B and C space where vacancies abound.

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Houston Retail Space of The Week - Sushi Pop

Recently we took a break from our efforts of bringing efficiency and transparency to Houston small businesses and entrepreneurs who were looking for space for their business. We ate at Sushi Pop located across from Memorial City Mall on I-10 and Bunker Hill because we had heard good things, and knew it was owned by the same group as Azuma and Uptown sushi. The sushi was delicious but we were surprised by the fantastic build-out and retail space. The inside was meticulously decorated and felt open and inviting. It is usually difficult to find a reasonably priced sushi retail establishments in Houston, which has awesome food and also great restaurant space, but Sushi Pop has our seal of approval!

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